Longmont Observer

Analysis

Longmont Observer is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Longmont Observer reported income of $411k and spending of $379k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $272k to $411k (+51%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Longmont Observer sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Milwaukee Preservation Alliance ($411k), Full Circle Productions FCP Inc ($411k) and German Village Society ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $86k (23% of expenses). Other salaries and wages came to $113k. At year end it held assets of $171k against liabilities of $354, net assets of $171k. It reported 5 employees.